AEye signs at-the-market equity sales agreement for up to $50 million common stock offering - LIDR News | RalliesAEye signs at-the-market equity sales agreement for up to $50 million common stock offering
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LIDR• AEye enters at-the-market sales agreement
- AEye entered an at-the-market sales agreement with A.G.P./Alliance Global Partners for up to $50 million of common stock.
- Shares may be sold from time to time through A.G.P. on Nasdaq or in other market transactions.
- Proceeds are targeted for working capital, general corporate purposes, growth initiatives, capital spending, and research and development.
- A.G.P. is to receive up to 3% commission on gross proceeds; Craig-Hallum is to earn advisory fees up to 1%.
- The program ends at the earlier of 36 months, completion of sales, or termination with 30 days’ notice.
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